Americas News

Wells Fargo hit with sanctions fine over trade finance software

Wells Fargo will pay almost US$100mn to settle allegations by US regulators that the bank supplied trade finance software to another lender, which used it …

Americas / 31-03-23 / by Jacob Atkins

Germany’s KfW Ipex-Bank and DEG expand South American presence

German development finance institutions KfW Ipex-Bank and DEG have broadened their network of regional offices to include a shared location in Bogotá. The move …

Americas / 22-03-23 / by Jenny Messenger

Russian bank claims top traders complicit in US$3.2bn trade finance fraud

A lender owned by Russia’s central bank has accused some of the world’s biggest commodity traders, including Cargill, the Louis Dreyfus Company and Bunge, …

Americas / 22-03-23 / by Jacob Atkins

Taking the pulse of the US insurance market

Senior leaders in trade credit and political risk insurance gathered in New York in late 2022 to discuss the top themes and challenges facing …

Americas / 14-02-23 / by GTR

US banks throw weight behind sustainable finance, but corporates remain indifferent

Just 4% of large US corporates demand expertise in sustainable trade finance from their banking partners, leaving lenders “puzzled” by the lack of interest …

Americas / 25-01-23 / by John Basquill

Gunvor closes US$1.45bn facility for US operations

The US division of oil trading giant Gunvor has closed a US$1.45bn uncommitted syndicated borrowing base facility with a group of 16 international banks. …

Americas / 15-11-22 / by Jacob Atkins

Banks face stiffer penalties for US anti-boycott violations

The US government has signalled stricter enforcement of its anti-boycott rules, a relatively overlooked area of Washington’s trade controls which has been known to …

Americas / 26-10-22 / by Jacob Atkins

Final Boeing 747s to be delivered after US Exim guarantees multi-million-dollar loan

The Export-Import Bank of the United States (US Exim) has announced it will guarantee a US$304mn loan from JP Morgan to Atlas Air Worldwide …

Americas / 24-10-22 / by George Hayes

US lawmakers want stiff penalties for breaking Russia oil price cap

Non-US financial institutions could face the wrath of Washington’s sanctions enforcers if they facilitate the purchase of Russian oil above a looming price cap, …

Americas / 21-09-22 / by Jacob Atkins

US ports face empty container “pile-up” as supply chains recover

Analysts are warning that ports in North America could become overwhelmed by a build-up of empty containers, as trans-Pacific supply chains and transportation times …

Americas / 21-09-22 / by John Basquill